U.S. Personal Income Higher

Mar 24, 2021

U.S. personal income continues to move higher despite the ongoing economic disruptions and unemployment caused by COVID-19. Real disposable personal income (inflation adjusted) was up 11.4 percent in January compared to December (Figure 2). Personal income consists of total earnings due to wages, investments, and other ventures. Spikes in personal income are evident in March of last year and January of this year due to the stimulus payments provided in the COVID-19 assistance packages.

Taxpayers received $1,200 per person in the first relief package, and $600 per person in the second one. For persons who did not lose a job, the vast majority, the assistance simply boosted income. It appears most people deposited the increased income into savings. The Economist reports that excess savings reached $1.6 trillion last month.

Figure 2. Total. U.S. Real Personal Income

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.